"To ensure that the young people of Pentrich have the opportunity to get the best education."
In 2004 the Estate Trustees made a decision to apply to the Charity Commissioners seeking a new regulatory Scheme to replace the scheme of 18th June 1891.
There would be no change to the Charity's name, the governance of the Charity nor the apportionment of the derived income between the various parishes save that the original area of benefit would be by reference to civil parish boundaries.
The primary object of the charity is re-affirmed as the "financial assistance to young persons resident in the area of benefit in preparation for a trade, profession or calling", any unapplied income of the charity "in assisting young persons resident..., in obtaing further vocational qualifications".
The Local Trustees comprise (ex-officio), the vicar of Pentrich for the time being, two nominated trustees appointed by Pentrich Parish Council and two co-opted trustees serving for a period of up to 4 years.
In practice, the Estate Trustees meet once a year, usually at the beginning of September when an apportionment of income is made to the nine Local Bodies for distribution.
It is expected that Local Trustees will by this date have invited applications to the Charity from eligible persons resident within the area of benefit.
The value of grants from the Charity are at the discretion of the Local Trustees and will in general reflect the Local Charity's annual apportionment or any accumulated capital held by the Local Charity.
To make an application under the Devonshire Trust scheme click here.